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FAQs
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What kind of digital signature do I need for filing tax (audit)? I mean the class and other options.
Click here digital signature for Income Tax AuditA Class 2A digital Signature Certificate now helps you to file your Income Tax Returns and Filing of E Forms with the Ministry of Corporate Affairs. Class 2A Digital Signature Certificates are Issued only to Individuals.File your Income Tax Return Hassle Free. No need to send Hand Signed Return acknowledgement copies to CPC Bangalore. Further E Filing of Income Tax Returns is mandatory for all assessee under the Income Tax Act who are liable to audit u/s 44AB (Turnover/Sales/ Gross receipts of Business Exceeding 1 Crore and 25 Lakhs in case of Professionals.Ministry of Corporate Affairs (MCA) 21 – E Governance Project required all documents to be filed by the corporates electronically by authenticating with a Digital Signature Certificate of Class 2 or above CategoryWhere it is used- E Filing of Income Tax Return – www.incometaxindiaefiling.gov.in - Filing of E Forms with Ministry of Corporate Affairs – www.mca.gov.in - Signing Form 16 / 16A – TRACES - www.tdscpc..gov.in - Signing of PDF Documents - Signing E MailsClass 2 – This is generally used for filing documents Income Tax, Registrar of Companies and VAT.Under MCA21 Every person who is required to sign manual documents and returns filed with ROC is required to obtain a Digital Signature Certificate (DSC). Accordingly following have to obtain Digital Signature Certificate: 1. Directors 2. Auditors 3. Company Secretary - Whether in practice or in job. 4. Bank Officials - for Registration and Satisfaction of Charges 5. Other Authorized Signatories.
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How can I register my company in Delhi?
Company RegistrationAccording to the lawful structure of India, Company Registration is the most famous legitimately substantial alternative to consider.Any privately owned business can have least two and most extreme fifty individuals. Risk of chiefs, of a private constrained organization, towards loan bosses additionally stay restricted.Amid default, banks or leasers can just sale organization's property not the chiefs' close to home property. You additionally need to realize that Company Registration is extremely important in India on the off chance that you need to begin any business.Never reprimand this thought for exchange arrangements. Organization Registration brings numerous advantages. In addition, you never face any sort of issue.It is anything but difficult to enlist and simple to break up. New organization, particularly new companies, favor it over different arrangements as it orchestrates assets from outside without breaking a sweat.Plus, it limits liabilities of investors just as empower them to offer worker investment opportunities to enlist top ability. You never need to stress for Company Registration in Mumbai. This office is effectively accessible with us.Our administrations are effectively accessible in every single fundamental locale of the country including Delhi-NCR, Mumbai, Chennai, Bengaluru and numerous different urban areas.Our specialists dependably assist everyone with uniform benchmarks.Step Wise Company RegistrationStep 1:- Application of DSC & DPINPartners initially have to apply for DPIN and digital signature. Digital signature meant for filing and DPIN refers to directors’ PIN number provided by MCA. Ignore this exercise if directors already possess DPIN and DSC.Step 2:- Name ApprovalThree different names for company name are necessary to give to MCA. Out of these one will be registered. Names provided must be unique.Step 3:- MOA & AOA SubmissionAfter approval of name, one needs to draft MOA and AOA. Memorandum of Association (MOA) and Articles of Associate (AOA) will be filed with MCA along with subscription statement.Step 4:- Incorporation CertificateEntire process for Company Registration in Mumbai and Incorporation Certificate basically takes the period of 15-25 days. Incorporation Certificate proves that company has been started. CIN number also remains included in Incorporation Certificate.Step 5:- Apply for PAN, TAN and Bank account:Finally, apply for PAN and TAN and submit Incorporation Certificate, MOA, AOA and PAN to any bank for opening the account.
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Why isn't the legal system willing to accept "I never received a notice," as a valid excuse? Why don't they simply mail the impo
When “I never received notice” isn’t a valid excuse, it is because too many people will, frankly, lie about this. People also make affirmative efforts to evade service. And sometimes people decide to just up and move without bothering to tell anyone. Shocking, I know.Thus, formal rules about service make it easy to determine whether service was done properly, and a party claiming lack of notice despite compliance with the rules will be required to prove the likelihood of actual lack of notice before the excuse will be even considered. On the other hand, if the party purportedly giving notice did not comply with the rules, the notice won’t be presumed to be valid without either an acknowledgment or waiver by the defendant.There are two different categories of notices—initial process and subsequent notice.For initial process, the court must obtain jurisdiction over the defendant. Traditionally this was done by personal service within the court’s territorial jurisdiction—the defendant needed to be “tagged.” This tagging was done by the sheriff (or a deputy), an agent of the court itself. If the defendant never showed up in the jurisdiction, the case could not proceed.¹More modern concepts of personal jurisdiction do not place as much emphasis on presence within the place; as any American law student will know, the case of International Shoe Co. v. State of Washington² established that personal jurisdiction could be asserted beyond a State’s boundaries if “minimum contacts” existed and “fair play” suggests that haling a foreign defendant to answer an in-state complaint would be reasonable.Of course, personal service by the state’s sheriff isn’t possible in such a case, and so most states do permit alternative forms of service as a matter of course (sometimes those alternative methods are available domestically as well). The exact requirements may vary by type of case and in any event will be spelled out in local rules of civil procedure; for proper advice you will want to consult a lawyer in the place where the action is. But generally, when initial process is involved, some form of service that leaves no doubt about the service, and the verification of some third party—the sheriff, the Post Office, a process server, &c—is required (the plaintiff in propria persona is not usually allowed to do initial personal service as they have as much motivation to lie about it as does the defendant). That might be personal service by a disinterested adult, another jurisdiction’s deputized sheriff, or service by certified mail.³ This means that someone is in a position to submit proof of the service to the court. (A defendant may also acknowledge service or waive⁴ any defects in service.)Now, for subsequent service, the rules tend to be a bit different. Once a party has been tagged and haled into court, they have a responsibility to themself and to the court to appear and present whatever defence they have to the action. Parties are, of course, entitled to notice of things that happen in the case—ex parte and sealed proceedings are extremely limited. But, at this point, because being party to a suit involves this responsibility, part of it is to keep the court and the other parties apprised of a proper address where notices may be served with a minimum of fuss (and to notify the court if that changes). Usually this is a mailing address and service is made by ordinary mail—which doesn’t require a signature and thus is less hassle for everyone—but in some cases service by e-mail, facsimile transmission, and the like may be agreed to (in the case of electronic case filing systems, e-mail service will likely be mandated as a condition of ECF use). Personal service is still permitted as a method of serving these subsequent papers, but not required. Again as to specific methods of service, you need to consult your local rules of procedure and the local attorney previously suggested.And so, a movant or the court will not be expected to make extraordinary efforts to provide “actual notice” of every single piece of paper by certified mail or personal service and give the defendant the opportunity to delay the case by evading service of motions. Neither will the court or other parties be required to chase a party around in the event of their moving and not leaving a forwarding address.⁵ Service to the “last known address” is almost universally sufficient. And the court won’t be impressed with “I didn’t get notices” when the lack of such notices is apparently the respondent’s own fault.N.B. This answer may be somewhat generalized for the United States; other legal régimes have their own ideas about notices.Notes:¹ A plaintiff unable to effect service could, of course, attempt to commence the action in another jurisdiction where the defendant could be found.² 326 U.S. 310 (1945). International Shoe is famous for the notion that an out-of-state defendant with “continuous and systematic contacts” to the state would nonetheless be susceptible to being sued there; the rule was further broadened by Burger King Corp. v. Rudzewicz, 471 U.S. 462 (1985), where even contacts that could not even be characterized as “minimum” with Florida were sufficient in the context of specifically making a comprehensive agreement to deal with a corporation legally resident in Florida.³ “Special service” or service not generally provided for by rule may be obtained by order of court only in the event that regular service cannot be obtained. Special service is usually publication. The purpose of special service is to allow the plaintiff to proceed with the action without having it stayed for an unreasonable period of time due to the absence of the defendant. The showing required for special service will vary by jurisdiction and possibly the facts of the case. And a defendant seeking to set aside a judgment obtained in this manner will have a much easier time of it than the defendant seeking to contest normal methods of service.⁴ As the primary purpose of service requirements is “notice to the defendant,” the mere fact that the defendant appears in the action suggests rather strongly that the defendant does in fact know about it. Consequently, a party seeking to challenge the validity of original service must do so at the outset and before making any substantive response to the complaint, otherwise the court will not hear such challenges and they will be deemed waived.⁵ We have this problem rather perennially in support court. I suspect it is a combination of general haplessness on the part of some of our obligors and deliberate efforts to evade our enforcement proceedings, but we get a lot of people who don’t show up at their contempt hearings because they “didn’t get notice.” The court issues bench warrants and most of the individuals are later arrested, and the failure of notice is not regarded as a defense by the court and in fact often leads to an additional contempt for failing to appear or to comply with the language in the support orders requiring parties to notify the court of address changes.
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How can I keep the original hard copies of my important documents safe?
A better question is, why do you need original hard copies?I deal with contracts, amendments, and extensions of those contracts. That’s my specialty, contract management. The biggest, most antiquated, unnecessary pain in the butt with any contract or agreement is the person who insists that only a wet signed, hand signed original is valid. To be blunt, that’s bullshit. A paper contract is not a bearer bond.E-mail is your best friend when it comes to preserving contractual agreements. The e-mail alone, including attachments, is legally valid. You don’t need the hard copy. The e-mail has the date and time of the agreement, and identifies the sender as an agent of the party who has agreed to its terms and conditions. Even if the hard copy is destroyed, the e-mail is still valid, verifiable, indestructible. In fact contracts for billions of dollars in cover are often left unsigned, because the e-mail is valid. Signatures can be forged, stamped, copied and pasted, but e-mail can’t.Think of the issue over Hillary Clinton’s e-mails for example. There may have been sensitive information exchanged over her private server, but no agreements could be validly made on behalf of the United States through either her private e-mail address or even by other personal media. But anything she wrote in her official email account may be legally binding. It doesn’t have to be in the form of an original hard copy, an e-mail from the Secretary of State—not from Hillary Clinton—is valid.Hundreds and thousands of years from now, historians wont be looking for hard copy. They’ll be looking at archived electronic documentation, the data trail rather than the paper trail.
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Income Tax: What is actually ITR and why one should file it? Also, what ways can one file ITR for past years in India?
The filing of Income Tax returns is a mandatory duty along with the payment of Income Tax to the Government of India . As the season closes by (last date of filing return - 5th August for 2014), many new tax-payers are in qualms as to how to go with the procedure as well as do away with the seemingly complicated mechanism behind it .Following are some of the pointers , which I acquired through self-learning (all are written considering the tax procedures for an Individual, and not Companies or other organizations). Here goes :1) Firstly , it is important to understand that Income Tax return is a document which is filed by you stating your Total Income in a Financial Year through various sources of income i.e Salary , business, house property, etc . (Financial Year is the year of your income , and Assessment Year is the year next to it in which the tax is due . Eg - Financial Year 2013-14, Assessment Year 2014-15)It also states the Taxable income on that salary and the Total tax payable with surcharges and Education Cess . The Taxable income has an exemption of upto 2 lakh rupees(For an individual, and not a senior citizen) for this assessment year , and 2.5 lakhs for the next (As per the new budget) . You also get tax exemptions on various other investments/allowances such as HRA , Fixed Deposits , Insurance Policies , Provident Funds , Children's Education , etc under various clauses of Section 80.People should know that return is filed to intimate the Government of your tax statements and it should not be confused with the Tax-refund one gets if there is a surplus tax paid by you to the Government . Return is not Refund .2) Government of India collects Income Tax through three modes :a) TDS - Tax Deduction at Source . TDS is the system in which any corporation/business as an Employer is supposed to deduct the Income tax of an Employee from his/her salary at source and submit it to the GOI before the end of Financial Year . The tax is deducted regularly from the employee's salary in certain percentage so as to overcome the liability of Total Tax to be paid by the employer for the Financial Year.The Employer issues a TDS Certificate in the form of Form 16 or Form 16A to the Employee which would be used to claim the TDS by the employee while filing his/her return . Form 16 is the certificate issued for the tax deducted under the head Salaries . Form 16A is issued for tax deducted for income through other sources such as interests on securities,dividends,winnings,etc.If the employee has some extra income through other sources , he/she should intimate the Employer about it before so as to include it for TDS . The total tax paid by you through TDS is also available online on the TRACES portal which is linked to your Bank Account and PAN No. for your convenience . You can also generate and validate your Form 16 / 16A from the website to file your return online .b) Advance Tax and Self Assessment Tax .Advance Tax may also be called 'Pay as you earn' Tax . In India one has to estimate his income during the financial year.If your projected tax liability of the current Financial year is more than Rs 10000, you are supposed to pay Advance tax !This has to be paid in three instalments. 30 % by 15th Sept,60% minus first instalment by 15th Dec and 100% minus 2nd instalment by 15th March.For individuals who are earning only through salaries , the Advance Tax is taken care of through TDS by the employers and there is hardly any Advance Tax to be paid . But for individuals who have other sources of income , they have to pay Advance Tax .If one forgets to pay he is liable to pay interest @ 1% p.m.Self-Assessment Tax - While filing your Return of Income, one does a computation of income and taxes to be filled in the Return. On computation, sometimes it is noted that the Taxes paid either as Advance Tax or by way of TDS fall short of the Actual Tax Payable . The shortfall so determined is called the Self Assessment Tax which is payable before filing the Return of Income. c) TCS - Tax Collection at Source .Tax Collected at Source (TCS) is income tax collected by a Seller from a Payer on sale of certain items. The seller has to collect tax at specified rates from the payer who has purchased these items : Alcoholic liquor for human consumption Tendu leaves Timber obtained under a forest lease Timber obtained by any mode other than under a forest lease Any other forest produce not being timber or tendu leaves Scrap Minerals being coal or lignite or iron ore Scrap BatteriesSalaried Individuals are not concerned with TCS .3) Online Procedure for Filing your Return , Payment of Tax , and viewing/generating your TDS certificate . a) Filing Income Tax Return :The procedure is as simple as it gets . You have to go to the E-filing homepage of the GOI , i.e https://incometaxindiaefiling.go... and login to your account . If you don't have an account yet , you can create it through the 'Register Yourself' link above it . All you need is a PAN No. (obviously) . After logging in , you have to go to the E-file tab and select the 'Prepare and Submit online ITR' option . Alternatively , you can select the 'Upload Return' option to upload your return through an XML file downloaded from the 'Downloads' tab and filled offline by you .You have to enter your PAN No, select ITR Form name 'ITR1' (Form ITR1 is for salaried individuals, income from house property and other income) , select Assessment year and submit .Now all you have to do is fill the form with the tabs Personal Information , Income Details , Tax Details , Tax Paid and Verification and 80G to complete your Return and submit it to the Income Tax Department .The 'Income Details' tab asks for your Total Income through various sources , and Tax exemptions claimed by you under various clauses of Section 80 . It also computes the Income tax liability of yours for that Financial Year . The 'Tax details' tab asks for the TAN (Tax Deduction Account Number) and Details of Form 16/16A issued by the employer/generated by you for TDS . It also asks for Advance Tax / Self Assessment Tax, if paid and the Challan no. of the payment receipt .The 'Tax Paid and Verification' Tab asks for your Bank Account Number and IFSC code . If there is a surplus tax paid by you in the form of TDS/Advance Tax , you will get its refund with interest in a 4 months period by the Income Tax Department . After submitting the Return , you get a link on your registered E-mail id . This link provides you the ITR-V document (an acknowledgement slip) which you have to download , print , put your signature , and send it to the Bangalore division of the Income Tax Department for completion of your Return Filing . The address is mentioned in the document . Alternatively , you can evade the ITR-V process and opt to digitally sign in the beginning of E-filing , but the process requires you to spend money and is to be renewed every year .b) Payment of Tax - You can pay the TDS (Not required for an individual, it is to be paid by the employer) , Advance Tax or Self Assessment Tax through the portal of Tax Information Network , i.e https://onlineservices.tin.egov-... After filling the required form (ITNS 280 for Income Tax) , you pay the tax through your Bank Account , and get a Challan receipt which will be used during filing your return .c) View/ Generate TDS Certificate online .You can do it by logging on to the TRACES portal of the Tax Deduction System , i.e , http://contents.tdscpc.gov.in/en... You will have to register yourself before logging in through your PAN no.You can view the details of your TDS deducted by the Employer via From 26AS on the portal .Also , you can generate your TDS Certificate in the form of Form 16/16A by entering the TAN No. of your Employer .
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How can I sign a document online for free?
If you have been in the corporate world for a while, it is sure that you must have come across the term Electronic signature or eSignature. Basically it refers to signing a document online in the digital form. These signatures hold equal legal acceptance and importance like that of a handwritten signature. What is the need to sign documents online? Coz it’s just a matter of few clicks Think of times when you were asked to sign and return PDF or a document. What was the process? Well the traditional method was to download the form, go to your printer, print it then sign on it using a pen which then is scanned and mailed back. If the entire process is carried out digitally then why not sign it online as well? Well you’ll be glad to know that document signature software [ https://www.esignly.com ] have made the entire process simple and easier than you think. In just few clicks you can sign any number of documents and send it the same time. Much easier than the paper process. Now the question is how to Sign A Document Online For Free? As more and more people have chosen electronic signature technique in order to save hours of their valuable time, several electronic document signature software are available in the market. Let’s look at some top trending document signature software of 2019: * eSignly * signNow * SignNow * signNow * signNow E-Signature * signNow * signNow * signNow * eSignLive * signNow * signNow * signNow and many more…. The above mentioned lists are some booming digital signature software preferences that holds maximum share in the industry. Many corporate or legal entities are utilizing these platforms in carrying out electronic signatures. Any of these document signature api [ https://www.esignly.com/esignly-api.htm ] provide e-signature solutions as a free offering. They often carry out free trials for its customers but this should be noted that it is limited for one time. If you require extensive solutions with added benefits and facilities then certain amount of investment will be required to buy subscriptions. You can select any of these options mentioned above to sign up for a free trial and you are good to carry out signing your crucial business documents for free using digital signatures.
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What is an ITR 2 form, and what are the steps to file an ITR-2 online?
Hi,Let me answer the first part first. What is ITR 2?ITR 2 form is for an individual or Hindu Undivided Family(HUF).So, if you are filing income as an individual or part of HUF and your income is from “other sources” which btw includes salary/pension. You also will be eligible if you have income from-Capital gains/loss on sale of property(short and long-term both)House propertyForeign assets or incomeDividend incomeBeing a partner in a firmUnexplained income(upto 60% taxable)You specifically should not be having any profit or gains from business or profession or be already filing ITR 1 in order to file ITR-2.A few changes in ITR forms have been made by the ITD for AY 2018–19 and so ITR 2 also has a few changes. Earlier there used to be ITR 2A also but it has been scrapped and now only ITR 2 exists. So, the confusion doesn’t exist anymore.Now coming to the next part of your question-How to file ITR 2?It can be filed in both offline and online mode.If your income is above Rs. 5 Lakhs then for you it is mandatory to file it online. If you are above 80 years of age or have income less then 5 Lakhs then you can file it offline.For online you can file returns electronically with a digital signature and you will receive acknowledgment in your e-mail id.0R- you can transmit your data electronically and then you can submit verification in Form ITR-V.It has two main parts- Part A and B. Which includes general information and outline of tax income on account of any advance tax or self assessed tax paid.It also has a lot of schedules which contains other details to be filled.You can actually get your ITR 2 filed easily by tax experts or companies.You can read the exact steps and detailed information on how to fill ITR 2 on these two links I have mentioned below. They are reliable.ITR 2 Form for FY 2016-17 & AY 2017-18 | How to File ITR-2 Online?https://blog.saginfotech.com/fil...You can get in touch with Quora handle of HR Block India or subscribe here H&R Block India for more doubt clarifications.I hope this helps you.
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